Dovish Bank holds rates again June 9, 2011 THE Bank of England is increasingly expected to anchor interest rates at their historic low for the duration of 2011, prompting lenders to slash the interest on fixed rate mortgages. Two-year fixed rate loans dipped to their lowest cost since the beginning of the year yesterday as Bank rate was held at 0.5 per cent [...]
House prices in first rise since January May 31, 2011 House prices in England and Wales rose by 0.8 per cent in April, the first monthly increase since January and the biggest rise since January 2010, data from the official Land Registry showed. However, average residential property prices were still 1.3 per cent lower than a year ago at £163,083 the Land Registry said. House [...]
House prices edge up May 27, 2011 House prices rose slightly faster than expected in May but remained 1.2 per cent below their level a year ago, mortgage lender Nationwide said on Friday. House prices rose 0.3 per cent this month, offsetting the 0.2 per cent fall recorded the previous month, but doing little to alter the picture of a stagnating market. [...]
GE Capital in £3bn sell-off May 25, 2011 GE CAPITAL is selling its A$5bn (£3.2bn) Australia and New Zealand mortgages books to Pepper Homeloans as concerns rise over a softening of the Australian housing market and the rising cost of funds. GE Capital, which shed part of its Australian home loans portfolio in 2008 when global conglomerates were restructuring their lending arms, said [...]
Mortage lending down 14 per cent in April May 20, 2011 Mortgage lending fell 14 per cent in April compared with the previous month, according to the Council of Mortgage Lenders (CML). The £9.8bn lent was five per cent down on the same month last year. Seasonal factors, including an extra bank holiday, were blamed for the decline. The CML said Easter falling in April had [...]
Irish Life growth hit by rise in mortgage arrears May 18, 2011 IRISH banking and insurance group Irish Life said a rising number of its mortgage holders were in arrears, pulling its performance down despite steady growth in its saving and investment products yesterday. Its Permanent TSB mortgage bank, which is loss-making and was found to need an extra €4bn (£3.5bn) of capital in recent stress tests, [...]
House prices rise 1.2pc in March May 17, 2011 House prices rose by 1.2 per cent on a seasonally-adjusted basis in March, taking the year-on-year rate of growth to 0.9 per cent, government figures showed. The Department for Communities and Local Government said the average price of a home stood at 205,565 pounds in March. The DCLG data is based on a sample of [...]
Fewer UK mortgages in arrears May 12, 2011 The number of mortgages in arrears has continued to fall this year, the Council of Mortgage Lenders (CML) revealed yesterday. At the end of March 166,000 mortgages showed arrears of more than 2.5 per cent of the outstanding balance, down from 170,000 at the end of last year. While there has been a slight upturn [...]
House prices slide despite more activity May 9, 2011 HOUSE prices continued their decline last month despite increasing signs of the market stabilising, two separate surveys have shown. Prices were down 1.4 per cent in April, the Halifax announced yesterday, while this morning the Royal Institution of Chartered Surveyors (RICS) revealed that 29 per cent of surveyors are still reporting falling prices, compared to [...]
House prices fall 1.4 per cent in April May 9, 2011 House prices fell 1.4 per cent in April, mortgage lender Halifax said. That confounded analysts’ forecasts for a rise of 0.1 per cent, and left average prices in the three months to April 3.7 per cent lower than a year earlier. The average price of a home stood at £160,395 pounds, according to the figures.